Vermont has a small and aging population, according to Joan Goldstein, commissioner of economic development for Vermont. “We recognize the need to recruit people to the state, and this is one of those efforts.” She said her office is already getting inquiries from interested workers.

To be eligible, a worker must be a full-time employee for an out-of-state business, work primarily from home or a co-working space in Vermont, and become a full-time resident on or after January 1, 2019.

Interested workers better act fast. Funds will be distributed on a first come, first served basis, and there are annual limits to the grants.

For 2019, total grants cannot exceed $125,000. The cap increases in 2020 to $250,000, then drops back down to $125,000 in 2021.

“You will have to pay income tax in Vermont even if you earn it outside of the state,” said Goldstein. “The whole idea of getting more people is because we need to broaden the tax base … but if you are moving from New York, taxes are less here.”